Latest News
We’re 10 Years Away From Social Security Cuts. Prepare Now.
Maurie Backman explains that the trust funds keeping Social Security from cutting benefits now will be exhausted in about 10 years. What should people do? Those working should boost their retirement savings. She suggested retirees consider part-time work, perhaps in…
COLAs, Part B Premiums, Earning Test, and Taxes – All Effect 2024 Soc Sec Income
Lorie Konish of CNBC notes all will receive a 3.2% cost of living adjustment in their Social Security checks in January. But she covers other topics in depth in this piece. Medicare Part B premiums increased too, which take a…
Fun Job Options For Retirees Looking for Part-Time Work
Retirement doesn’t have to mean the end of work, and with Social Security covering relatively little of overall costs, many don’t just choose to work, many say they must. Mark Henricks has a piece here that suggests low stress fun…
Costly Retirement Mistake: Not Saving Early Enough
Not only how much you save but WHEN you start saving is key to retirement according to Maurie Backman in this piece. Social Security replaces a pittance of pre-retirement income (estimate 40%), so ample savings is required for even a…
3 Critical Moves to Make Before Taking Social Security
Katie Brockman notes you generally only have one chance to claim Social Security benefits. As such, it’s wise to ensure you’re making the best decision. First, know full retirement age, which is not 62, but age 67 for those born…
Turning 62 in 2024? Know the Rules on Social Security.
To avoid unpleasantness later, Kailey Hagen strongly advises those turning age 62 in 2024 to understand the most basic fact: if you claim Social Security at age 62, you get a permanently reduced benefit for life. In fact, it’s a…
Aging into Social Security in 2024? Consider all options.
It’s become the mantra a majority of Americans continue to follow– claim Social Security at age 62 and forget about it. But doing so means a permanent lifetime reduction in benefits. Who do so many opt for that? Whether it’s…
Can You Boost Your Social Security Benefit in 2024? Maybe.
Keith Speights notes it may be possible to boost your Social Security benefit, even if you are already collecting one. Beyond delaying to age 70, which is the best way to gain the highest payment, people can keep working. First,…
An Extra Incentive to Claim Social Security at Age 70
It’s well known that to get the absolute highest Social Security benefit to which one is entitled, one must wait to claim at age 70. But beyond delaying and possibly working more in the years 62 to 70, and thus…
Social Security Changes Effective Jan 1, 2024
The new calendar year is bringing with it some changes to Social Security. Though no new legislation passed to alter the law, Sean Williams notes seven important changes that happen automatically, mostly due to current law. They are: 1. Social…